Meeting a capital challenge

1960s

Expanding education opportunity

The launch of the Soviet satellite Sputnik spurs Americans to focus on education. While federal programs provide some funding, students and families turn to Wells Fargo for additional loans.

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1950s–1960s

Keeping pace

As the number of cars in the U.S. doubles to 50 million between 1945 and 1955, free parking and motor banking becomes standard at Wells Fargo. Read more about motor banks

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Boom, bust, and war

1940s – 1920s

November 2018

Quote for 1940s–1920s

The best interests of the customer are always in the best interests of the bank.”

– Frederick Lipman, President, Wells Fargo Nevada National Bank

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1942

Promoting war bonds

More than half of the cost of World War II is financed by loans for defense companies and bonds sold at banks like First National Bank of Palm Beach (now Wells Fargo) in Florida.

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1934

Enabling the American Dream

To boost the depressed economy, Congress creates federally insured mortgages sold by banks. Not originally available to everyone, these loans enable a generation of homeowners and start conversations that lead to improved lending programs in following decades.

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